In upcoming budget finance minister may announce to increase the service tax.
Which would although increase revenue for Government but it would be unnecessary burden on common man, as they have to spent extra money on restaurant bills, parlor, or buying anything etc.
Is it really necessary to put pressure on common man always instead of focusing more productivity infrastructure and other earning source.

In upcoming budget finance minister may announce to increase the service tax.
Which would although increase revenue for Government but it would be unnecessary burden on common man, as they have to spent extra money on restaurant bills, parlor, or buying anything etc.
Is it really necessary to put pressure on common man always instead of focusing more productivity infrastructure and other earning source.

Ultimately the finance minstry has to balance its budget , since there is also a proposal to increase the minimum bar of taxable income it will be a little more helpful...It was increased 2012 by the UPA from 10% to the present 12% and now with the economy in doldrums , this is probably a necessary step.Anyway this tax is for the upper middle class who visit restaurants and parlors frequently and other services not used often by all..
http://businesstoday.intoday.in/story/union-budget-2014-service-tax-hike-expected/1/207842.html

In upcoming budget finance minister may announce to increase the service tax.
Which would although increase revenue for Government but it would be unnecessary burden on common man, as they have to spent extra money on restaurant bills, parlor, or buying anything etc.
Is it really necessary to put pressure on common man always instead of focusing more productivity infrastructure and other earning source.

Ultimately the finance minstry has to balance its budget , since there is also a proposal to increase the minimum bar of taxable income it will be a little more helpful...It was increased 2012 by the UPA from 10% to the present 12% and now with the economy in doldrums , this is probably a necessary step.Anyway this tax is for the upper middle class who visit restaurants and parlors frequently and other services not used often by all..
http://businesstoday.intoday.in/story/union-budget-2014-service-tax-hike-expected/1/207842.html

The incidence of service tax is not entirely 12% or if increased to 14%, as it is only on the service component of the total product delivered costs and is decided by the IT authorities. In case of restaurants it is usually around 5%. However any tax rise is usually resisted by payers which is a normal reaction. Budget exercise generally consists of giving away with left hand and taking it back by the right hand. Finance ministers ultimately become unpopular because they cannot please every one but can displease every one.

In upcoming budget finance minister may announce to increase the service tax.
Which would although increase revenue for Government but it would be unnecessary burden on common man, as they have to spent extra money on restaurant bills, parlor, or buying anything etc.
Is it really necessary to put pressure on common man always instead of focusing more productivity infrastructure and other earning source.

Ultimately the finance minstry has to balance its budget , since there is also a proposal to increase the minimum bar of taxable income it will be a little more helpful...It was increased 2012 by the UPA from 10% to the present 12% and now with the economy in doldrums , this is probably a necessary step.Anyway this tax is for the upper middle class who visit restaurants and parlors frequently and other services not used often by all..
http://businesstoday.intoday.in/story/union-budget-2014-service-tax-hike-expected/1/207842.html

The incidence of service tax is not entirely 12% or if increased to 14%, as it is only on the service component of the total product delivered costs and is decided by the IT authorities. In case of restaurants it is usually around 5%. However any tax rise is usually resisted by payers which is a normal reaction. Budget exercise generally consists of giving away with left hand and taking it back by the right hand. Finance ministers ultimately become unpopular because they cannot please every one but can displease every one.

As long as they are able to balance their years budget I guess it is ok since complaints will always be there !

In upcoming budget finance minister may announce to increase the service tax.
Which would although increase revenue for Government but it would be unnecessary burden on common man, as they have to spent extra money on restaurant bills, parlor, or buying anything etc.
Is it really necessary to put pressure on common man always instead of focusing more productivity infrastructure and other earning source.

Ultimately the finance minstry has to balance its budget , since there is also a proposal to increase the minimum bar of taxable income it will be a little more helpful...It was increased 2012 by the UPA from 10% to the present 12% and now with the economy in doldrums , this is probably a necessary step.Anyway this tax is for the upper middle class who visit restaurants and parlors frequently and other services not used often by all..
http://businesstoday.intoday.in/story/union-budget-2014-service-tax-hike-expected/1/207842.html

In upcoming budget finance minister may announce to increase the service tax.
Which would although increase revenue for Government but it would be unnecessary burden on common man, as they have to spent extra money on restaurant bills, parlor, or buying anything etc.
Is it really necessary to put pressure on common man always instead of focusing more productivity infrastructure and other earning source.

Ultimately the finance minstry has to balance its budget , since there is also a proposal to increase the minimum bar of taxable income it will be a little more helpful...It was increased 2012 by the UPA from 10% to the present 12% and now with the economy in doldrums , this is probably a necessary step.Anyway this tax is for the upper middle class who visit restaurants and parlors frequently and other services not used often by all..
http://businesstoday.intoday.in/story/union-budget-2014-service-tax-hike-expected/1/207842.html

actually, the BJP as well as Congress have same economic policy which is to give more relief to the super rich and rich. Higher income tax exemption benefits them. On the othr hand higher service tax will increase cost of all services and also commodities that use vareious services including transportation as input. Balancing act would be more appreciated if income tax rate were increased and service tax/ central excise duty reduced.